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(MAHASTEEL) Mahamaya Steel complete technical analysis [charts+indicators] | Buy/Sell Mahamaya Steel | (MAHASTEEL) share price targets

Complete technical analysis of Mahamaya Steel (MAHASTEEL) by charts plus indicators, forecast predictions and share price targets for Mahamaya Steel (MAHASTEEL)

Mahamaya Steel trades in NSE in Iron & Steel Products sector.

Showing technical analysis as on 2024-05-28 View latest technical analysis

10 day averaged volume of Mahamaya Steel is 30495

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	105.60	114.95	114.95	103.50	2.002 times
27 Mon May 2024	114.40	114.50	116.30	109.95	1.126 times
24 Fri May 2024	114.35	116.00	116.95	113.25	0.781 times
23 Thu May 2024	116.15	108.50	118.95	108.50	3.019 times
22 Wed May 2024	110.55	112.40	113.95	109.25	0.681 times
21 Tue May 2024	112.40	115.30	116.00	110.75	1.02 times
18 Sat May 2024	112.60	116.05	118.00	110.60	0.214 times
17 Fri May 2024	113.20	115.45	115.95	111.00	1.052 times
16 Thu May 2024	115.75	116.05	117.65	115.05	0.225 times
15 Wed May 2024	114.95	115.15	119.50	113.20	0.798 times

Stock of Mahamaya Steel (MAHASTEEL) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 111.1, but if it comes above 111.1, then a intra day buy could be more profitable.
If you take a sell trade below 111.1, then use 111.1 as stoploss and 97.1 as target. However if you take a buy trade in stock , then use 111.1 as stoploss and 122.76 as target.

Share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Target	75.15
Downside Target	82.60
Downside Target	87.50
Downside Target	89.40
Downside Target	103.50
Upside Target	107.10
Upside Target	116.30
Upside Target	118.95
Upside Target	127.00
Upside Target	130.00
Upside Target	141.40
Upside Target	144.00
Upside Target	144.45

Intraday share price targets for Mahamaya Steel (MAHASTEEL)

Target Type	Value
Downside Intraday Target	100.63
Downside Intraday Target	95.67
Upside Intraday Target	113.43
Upside Intraday Target	121.27
Upside Intraday Target	108.47

Weekly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	105.60	114.50	116.30	103.50	0.569 times
24 Fri May 2024	114.35	115.30	118.95	108.50	0.92 times
18 Sat May 2024	112.60	125.95	130.00	110.60	0.154 times
09 Fri Feb 2024	133.15	132.60	144.45	127.00	0.339 times
02 Fri Feb 2024	132.50	109.95	144.00	107.10	11.556 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Mahamaya Steel (MAHASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Tue May 2024	105.60	125.95	130.00	103.50	0.241 times
09 Fri Feb 2024	133.15	137.50	144.45	127.00	0.237 times
31 Wed Jan 2024	137.50	82.60	141.40	82.60	7.738 times
29 Fri Dec 2023	84.30	80.25	89.40	76.20	1.136 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Mahamaya Steel (MAHASTEEL)

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Mahamaya Steel ( (MAHASTEEL) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mahamaya Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Mahamaya Steel in short term but the sell signal is initial and weak.

Mahamaya Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mahamaya Steel in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mahamaya Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 112.76 and Mahamaya Steel (MAHASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Mahamaya Steel (MAHASTEEL) stock. Volume based technical analysis of Mahamaya Steel (MAHASTEEL) stock is negative.

Mahamaya Steel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.